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Fed Holds Rates Steady, Indicates 3 Cuts Coming in 2024 While Seeing Core PCE Falling to 2.4%
By Steve Muchoki
• 3 mins read
With the US inflation having eased without significant unemployment, the Fed unanimously agreed to hold the borrowing rate between 5.25 and 5.5 percent for the third consecutive time.
SpaceX Valuation Eclipse to $180B as Company Prepares to Sell Existing Stocks at $97 per Share
By Steve Muchoki
• 3 mins read
SpaceX is now one of the most valuable private companies in the world with a scalable business in the Starlink satellite internet sector among others.
Coinbase Launches Project Diamond to Tokenize Real-world Assets in Regulated Way
By Steve Muchoki
• 3 mins read
Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets.
El Salvador’s Freedom Visa Program Attracts $153M in Less Than One Week
By Steve Muchoki
• 3 mins read
The El Salvador Freedom Visa program opens the path to citizenship to 1000 crypto millionaires per year in a bid to build a stronger economy.
Cardano Foundation Unveils Identity Wallet to Support Seamless Web3 Adoption
By Steve Muchoki
• 3 mins read
The new Cardano Foundation-backed mobile wallet is interoperable with other blockchains and also prioritizes asset security and user privacy.
Goldman Sachs Expects Fed to Deliver First Rate Cut in Q3 2024
By Steve Muchoki
• 3 mins read
The inflation growth rate in the United States has significantly declined in the past two years thus the anticipated interest rate cuts in the second half of 2024.
L2 Crypto Project Blast Crosses $822M in TVL Ahead of Next Year’s Mainnet Launch
By Steve Muchoki
• 3 mins read
Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024.
Oasys Network Announces Strategic Partnership with Fireblocks to Enhance Web3 Gaming Experience
By Steve Muchoki
• 3 mins read
The partnership between Oasys blockchain and Fireblocks will help web3 developers focus on building immersive games that entail seamless fluidity without worrying about securing digital assets.
Amazon Removes PayPal-backed Venmo as Payment Option, PYPL Stock Drops Nearly 2%
By Steve Muchoki
• 3 mins read
While Amazon did not provide the actual reason for not supporting Venmo as a payment option, the notable rise of web3 payment platforms could be a major factor.
LayerZero to Airdrop 12M $ZRO Tokens in First Half of 2024
By Steve Muchoki
• 3 mins read
LayerZero announced the distribution of the $ZRO token via airdrop will be based on wallet activity as of the time of the snapshot.